Working with Investors purchasing single family homes in the Indianapolis market, we are often asked some variation of the question, "should I stay away from HOAs"?
As with many real estate investing topics, the answer is, it just depends.
Home Owner's Associations have certainly amassed an unfavorable reputation among property owners all around the country, and it's not unwarranted.
They're often hard to deal with AND cost you money.
But should you completely rule out any and all properties that have an HOA?
Let's discuss, and you can be the judge.